Reported 1 day ago
Archer Aviation, a pioneer in electric vertical takeoff and landing (eVTOL) aircraft, is under scrutiny following allegations from short-seller Culper Research about misleading investor communications. While the company has a solid cash reserve and a partnership with Stellantis for manufacturing, it reported significant losses, raising concerns about its sustainability. Despite potential rapid growth as it secures new clients and ramps up production, investors should be cautious of possible delays and uncertainties surrounding its commercialization and FAA approvals.
Source: YAHOO